Pursuant to the GST Council recommendations in their 43rd meeting held on 28th May 2021 at New Delhi, CBIC has issued a series of notifications relaxing GST compliance requirements.
The changes are categorized in below major areas and summarized for ease of understanding –
A. Reduction of late fees
The Government, vide Notification No. 19/2021, dated 1st June, 2021, inter alia, has waived the late fee payable, in excess of amount as specified in the Tables, as given below:
1. For the registered persons who have failed to furnish the return in FORM GSTR-3B, for the months /quarter of July, 2017 to April, 2021, by the due date
|
Sl. No |
Return in FORM GSTR-3B for the month/ quarter of |
Amount of Central & State/UT tax payable in the return |
If Return furnished between |
Late fee payable waived in excess of (Rs) |
|
1 |
July, 2017 to April, 2021 |
NIL |
1st June, 21 and 31st August,21 |
500 |
|
2 |
July, 2017 to April, 2021 |
Not NIL |
1st June, 21 and 31st August,21 |
1000 |
2. For the tax period of June, 2021 onwards or quarter ending June, 2021 onwards
|
Sl. No |
Class of registered persons |
Late fee payable waived in excess of (Rs) |
|
1 |
Registered persons whose total amount of Central Tax & State/UT tax payable in the said return is Nil |
500 |
|
2 |
Registered persons having an aggregate turnover of up to rupees 1.5 crores in the preceding financial year, other than those covered under S. No. 1 |
2,000 |
|
3 |
Taxpayers having an aggregate turnover of more than rupees 1.5 crores and up to rupees 5 crores in the preceding financial year, other than those covered under S. No. 1 |
5,000 |
B. Extension of due dates for various compliances
Government has extended the dates of various compliances by Taxpayers under GST vide Notn No 12/2021-CT, dated 1st May, 2021, read with Notn No 17/2021 CT dated 1st June, 2021, Notn No 14/2021-CT, dated 1st May, 2021, read with Notn No 24/2021-CT, dated 1st June, 2021, Notn No 25/2021-CT, dated 1st June, 2021, Notn No 26/2021-CT, dated 1st June, 2021.
The details are summarized below:
C. Filing of Form GSTR-1/IFF by Normal Taxpayers
|
Sl. No. |
Form Type |
To be filed by |
Tax period |
Due Date/last date |
Due Date/ last date Extended till |
|
1 |
Form GSTR-1 (Monthly) |
Normal Taxpayer filing Monthly returns |
May,2021 |
11.06.2021 |
26.06.2021 |
|
2 |
Form IFF (optional) |
Normal Taxpayers under QRMP Scheme |
May,2021 |
13.06.2021 |
28.06.2021 |
D. Filing of Returns by Composition, Non Resident Taxpayers, Input Service Distributors, TDS & TCS Taxpayers and Job Work Return
|
Sl. No. |
Return Type(Form) |
To be filed by |
Tax period |
Due Date |
Due Date Extended till |
|
1 |
GSTR-4 |
Composition Taxpayers (Annual Return) |
FY 2020-21 |
30th April, 2021 |
31st July, 2021 |
|
2 |
GSTR-5 |
Non Resident Taxpayers (NRTP) |
March/April/May, 2021 |
20th April/ May/June, 2021 |
30th June, 2021 |
|
3 |
GSTR-6 |
Input Service Distributors (ISD) |
April/May, 2021 |
13th May/June, 2021 |
30th June, 2021 |
|
4 |
GSTR-7 |
Tax Deductors at Source (TDS deductors) |
-do- |
10th May/June, 2021 |
30th June, 2021 |
|
5 |
GSTR-8 |
Tax Collectors at Source (TCS collectors) |
-do- |
10th May/June, 2021 |
30th June, 2021 |
|
6 |
ITC – 04 |
Job Work Return |
Quarter Jan-Mar 21 |
25th April 21 |
30th June 21 |
E. Relief in form of Waiver of Interest and/or Late fees (Notification No 18 and 19/2021 dated 1st June 21)
Government has granted waiver from payment of interest and/or late fee to normal (Monthly / Quarterly) & composition taxpayers for periods of March, April & May, 2021, vide The details are summarized below:
F. Relaxations in filing Form CMP-08 for Composition Taxpayers
|
Sl. No. |
Tax Period |
Due date of filing |
Reduced Rate of Interest |
Waiver of late fee till |
||
|
First 15 days from due date |
Next 45 days |
From 61st day onwards |
||||
|
1 |
March, 2021 (Qtr.) |
18th April, 2021 |
No Interest |
9% |
18% |
NA |
G. Relaxation to normal taxpayers in filing of monthly return in Form GSTR-3B
|
Sl. No. |
Tax Period |
Class of taxpayer |
Due date of filing |
Reduced Rate of Interest |
Waiver of late fee till |
||
|
NIL |
9% |
18% |
|||||
|
1 |
March, 2021 |
> Rs. 5 Cr. |
20th April |
NA |
First 15 days |
From 16th Day |
5th May, 2021 |
|
Up to Rs. 5 Cr |
20th April |
First 15 days |
For next 45 days |
From 60th day onwards |
19th June, 2021 |
||
|
2 |
April, 2021 |
> Rs. 5 Cr. |
20th May |
NA |
First 15 days from Due date |
From 16th Day from due date |
4th June, 2021 |
|
Up to Rs. 5 Crs |
20th May |
First 15 days |
For next 30 days |
From 45th day onwards |
4th July, 2021 |
||
|
3 |
May, 2021 |
> Rs. 5 Cr. |
20th June |
NA |
First 15 days from Due date |
From 16th Day from due date |
5th July, 2021 |
|
Up to Rs. 5 Cr |
20th June |
First 15 days |
For next 15 days |
From 30th day onwards |
20th July, 2021 |
||
H. Relaxation in filing of Form GSTR-3B (Quarterly) by Taxpayers under QRMP Scheme
|
Sl. No. |
Tax Period |
Form Type |
Due date of filing |
Reduced Rate of Interest |
Waiver of late fee till |
||
|
1st 15 days from due date |
Next 45 days |
From 61st day onwards |
|||||
|
1 |
March, 2021 |
Form GSTR-3B (Quarterly) |
22/24th April, 2021,(Group A/B) |
No Interest |
9% |
18% |
21/ 23rd June, 2021,(Group A/B) |
|
2 |
April, 2021 |
Form GST PMT-06 |
25th May, 2021 |
No Interest |
9% |
18% |
NA |
|
3 |
May, 2021 |
Form GST PMT-06 |
25th June, 2021 |
No Interest |
9% |
18% |
NA |
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